Gaming Innovation Group (GiG) has shared its Q1 earnings, showing a slight 2% year-on-year decline in revenue, which stood at €9 million, compared to 2025’s €9.1 million.
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On August 26, 2026, GiG Software revealed that it plans to acquire an 80% stake in 888Africa in a deal worth €16.4 million.
GiG will purchase the shares from Virtual Emerging Entertainment Limited, which is a subsidiary of evoke plc. At the same time, the remaining 20% stake of 888Africa will be managed by the founders of the brand, who will also continue participating in the business’s management.
According to the deal, GiG’s full payment will consist of a €6 million initial consideration and a €10.4 million deferred consideration. Additionally, the company revealed that it will carry out a directed share issue and enter into convertible loan agreements for an €8.5 million valuation. The net proceeds will subsequently be used to fund the €6 million initial payments.
As estimated by GiG, the transaction will add over $50 million in annualized net gaming revenue run rate. With the acquisition, the company expects to enter high-growth and regulated African markets through an already-established operator, receive immediate top-line scale, improve its product leadership, and get consistent cash generation from the combined group, with management further noting a potential for platform consolidation.
888Africa currently has 800,000 monthly active users, with the operator’s Q2 2026 results showing a 32% year-on-year increase as revenue reached $14.8 million, while adjusted EBITDA recovered from a $2.2 million loss to a $1.1 million profit.
